According to a recent analysis by Fact.MR, the North American market for electric lawn mowers will grow at a CAGR of 6.7% from 2022 to 2032. The market is projected to have a valuation of about US$ 5 billion by 2022. Construction of commercial buildings, public gardens, and landscaping services is credited with driving growth.
The market saw a CAGR of 6.5% from 2017 to 2021, reaching a market value of US$ 4.7 billion. People’s inside confinement during the worst of COVID-19 stimulated interest in recreational gardening and landscaping, creating an opportunity for expansion. This passion has persisted in the post-pandemic age, sparking a wave of technological and design advancements in lawn mowers.
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Top Companies in Electric Lawn Mower Market
- Robert Bosch GmbH
- The Toro Company
- Deere & CO.
- Black & Decker
- GreenWorks Tools
The global electric lawn mower market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced electric lawn mower.
Key findings of the electric lawn mower study:
- Innovative manufacturing processes implemented by electric lawn mower vendors in detail.
- Region-wise and country-wise fragmentation of the electric lawn mower to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global electric lawn mower.
- Regional breakdown of the electric lawn mower based on predefined taxonomy.
· By Product Type :
- Standard Ride-on
- Lawn Mowers
- Garden Mowers
· By Mower Blade Type :
- Cylinder Blades
- Mulching Blades
- Standard Blades
- Lifting Blades
· By Cord Type :
Which segment has the largest share in the Electric Lawn Mower Industry?
Demand electric lawn mowers is expected to witness lucrative revenue-generating opportunities due to present trend of innovative landscaping practices.
Growing gardening services and landscaping practices, majorly in commercial areas increased the growth rate for garden equipment over past half-decade. Similar trend is anticipated to be noticed during the assessment period of 2022-2032. Continuous innovations in electric lawn mowers and eco-friendliness of lawn mowers acts as major drivers for this market. This segment is projected to cover share around ~41.4% market valuation for electric lawn mowers by 2022 and is forecast to surpass market value of USD 13.3 Billion by 2032 end.
Queries addressed in the Electric lawn mower report:
- Why are the Electric lawn mower players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Electric lawn mower?
- Which regions are displaying the fastest growth in the Electric lawn mower?
- What are the underlying micro-macroeconomic factors affecting the global Electric lawn mower?
- Sales of Electric lawn mower In 2022
- Competitive Analysis of Electric lawn mower
- Demand Analysis of Electric lawn mower
- Key Trends of Electric lawn mower
- Outlook of Electric lawn mower
- Insights of Electric lawn mower
- Analysis of Electric lawn mower
- Survey of Electric lawn mower
- Size of Electric lawn mower
Report Benefits & Key Questions Answered
- Electric Lawn Mower Company & brand share analysis: The report offers brand-share analysis on electric lawn mower market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Electric Lawn Mower Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Electric Lawn Mower Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Electric Lawn Mower Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
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